RLCUSDT
RLC/BTC (Triangle Pattern? Bearish?)BINANCE: RLCBTC
-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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RLCUSD Can give massive gains.RLC can be one of those assets which can show massive Gains.
-After a major downtrend during these bear markets we have seen RLC Showing some good Strength with almost making a good higher high along with a higher low while flipping its resistance for support.
-After conquering EMA50,100,200 it showed us some strength which can be considered as one of the bullish factors.
-The price also bounced from EMA50's Support.
-While We can Also See a formation of Cup along with handle being started to form it plays another good sign for the price to move upwards.
-Price Might consolidate a bit before starting its upward movement.
-Based on the chart patterns TP's are marked along with support zones.
-SL manual: Daily Close below Support Zones.
Thanks & Regards.
Aanuj Tated
This is not Financial Advice. DYOR
RLC/BTC (Wait For Breakout Direction)RLC/BTC
-iExec RLC is currently forming a symmetrical triangle
-The best trading strategy here is to but the breakout direction
-Currently, it is testing the local resistance around 14100 sat range
-You may enter aggressively on the break of local resistance
-2nd idea is to place Buy orders once the downward trendline resistance is broken
-3rd trading option is to buy on retest/pullback after breakout confirmation
-All depends on your risk appetite how you will approach this market
-Please, always follow your trading plan once entered the battlefield
ANOTHER RLCUSDT Cup and Handle scenario Okay, soooo we've gotten a solid dip in price below $1.50. I really want to see RLC break this descending channel it is currently in and break the $1.55-$1.60 price range which would strongly signal RLC will be retesting the $1.70-$1.85. Let me know what yall think :D
RLC Back In ActionRLC is back up moving closer to its relative all time high we saw back in June. RLC is now sitting around historic sell side pressure and if we can see RLC maintain its current price and consolidate around 1.70 i have no doubt we will see a break up above 2 dollars testing 2.15-2.35+ but again i want to see RLC maintain this relative price level after having a nice bull run. Let me know what you guys think :)
RLCUSDT ANALYSİSI have 2 positive signals so that ı am neutral at the moment
If you bought this coin with EngineeringRobo' buy signals at the end of the April .You have 5x profit. I congratulate to you
If you want to buy this coin you can wait for turning resistance line($ 1,7759) to support line or you can buy at support line ($ 0,6742)
After buying this coin, watch carefully EngineeringRobo' s sell signals
If you want to use EngineeringRobo please dm me.